Kering hit by weak sales at Gucci
Sales at French luxury group Kering have been weighed down by weak performance at its biggest brand Gucci, as investors wait for a new designer to be named to lead a stalled turnaround. Kering’s sales fell 12 per cent on an organic basis in the fourth quarter to €4.
According to luxury analysts, the stature of the designer would help revitalize the brand and regain market prominence.
He said that it "makes no sense" to shift production out of Europe, as the group's culture and heritage is part of its ...
By Mimosa Spencer and Tassilo Hummel PARIS (Reuters) -Luxury group Kering's fourth quarter sales were hit by a continued ...
With Gucci revenues in free fall, creative director Sabato De Sarno exits the brand as company leaders assert control to ...
India, as per media reports. He was elevated to this role in February 2023. Prior to that, Nader Wassel has been Managing ...
Kering continues to face headwinds after Gucci faces one of its biggest drops since Creative Director Sebato De Sarno's ...
Sabato De Sarno’s departure adds to the industry turmoil.
The French conglomerate, which sacked Gucci designer Sabato de Sarno last week as part of its efforts to revive the label, ...
Turning Gucci around is crucial to Kering as it "can no longer afford to get it wrong" an expert told Fortune.
It is an extension of the Sparkle Love star’s existing partnership with Gucci, having served as an ambassador for the fashion ...
Chicago Mayor Brandon Johnson is under fire for accepting luxurious gifts, not reporting them, and then conducting a feeble attempt at transparency. The story first bre in […] ...
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